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Press release to the draft Law of the Republic of Kazakhstan “On Compulsory Social Insurance»

Press release
to the draft Law of the Republic of Kazakhstan "On Compulsory Social Insurance"

The concept and draft Law of the Republic of Kazakhstan “On Compulsory Social Insurance” (hereinafter referred to as the Draft Law), as well as the related draft Law of the Republic of Kazakhstan “On Amendments to Certain Legislative Acts of the Republic of Kazakhstan on Compulsory Social Insurance Issues” were developed pursuant to the instructions of the Head of State N. A. Nazarbayev in his Address to the People of Kazakhstan dated January 10, 2018 “New Opportunities for Development in the Conditions of the Fourth Industrial Revolution” regarding the strengthening of the relationship between work experience and the size of payments in the system of compulsory social insurance.

    The purpose of the bill is to strengthen the legal, economic and organizational foundations of compulsory social insurance in the Republic of Kazakhstan in the following areas:

- development of the system of compulsory social insurance, taking into account compliance with insurance principles and social justice;

- strengthening the interaction between the length of time of participation in the system of compulsory social insurance and the size of social benefits from the SSAF;

- formation of incentives for public participation in the system of compulsory social insurance;

- improving the efficiency of investment management of GFSS assets.

     Acceptance and implementation of the project will not require additional financial costs from the state budget.

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Changed on 1 October, 2018 - 14:53
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